Middle East revenue for first half of 2019 is AED 753mn
Serco, the international service company that specialises in the delivery of essential public services, has announced positive results for the first half of 2019 as the global and Middle East markets remain attractive with significant growth prospects.
The company has revealed that revenue in the Middle East region for the first six months of this year was AED 753 million and from a global perspective, revenues increased by eight per cent to AED 6,716 million from AED 6,215 million.
“The Middle East remains a highly attractive market with opportunities that can bring in strategic expansion, which can be attributed to the size of the outsourced market, excellent reference sites and reputation,” commented Phil Malem, CEO, Serco Middle East.
Serco’s operations in the Middle East division include Transport, Defence, Health and Citizen Services, with the region accounting for approximately 11% of the Group’s reported revenue.
There was growth in revenue from the new contract for fire and rescue services at King Fahd International Airport (KFIA) in Dhahran, Saudi Arabia, as well as from expanded services at the Dubai Metro.
Intake from the Middle East in the latest period included a new contract supporting Mashroat, the Institute for Efficiency and Effectiveness in Public Infrastructure Programs across the Saudi Government; facilities management and patient-facing services to Dr. Soliman Fakeeh Hospital (DSFH) in Jeddah, and a further extension of Air Traffic Control, Aeronautical Information Services and training support to the Iraqi Civil Aviation Authority.
